Member Info for MarkBellUK

CMC tanks despite "a record year outside of 2021"....
The good news for shareholders is that we could see a further step-up in volatility rates, both here and across the Atlantic, as central banks struggle to keep a lid on inflation. Real interest rates remain in negative territory but every incremental increase reduces the attractiveness of risk assets - and may provide more trading opportunities in the process. The group’s hefty cash pile leaves it trading on an undemanding enterprise/cash profit multiple of 5.8, which we feel is a viable entry point on the balance of risks. Buy. (from HOLD)

Brokerage RBC says it sees CMCX with "excellent value for a high margin, debt-free, and capital-generative business"; cuts PT to 390p from 400p

>This market is so fixed, it's a joke! Almost makes you not want to be involved.

LD its actually Pi's who are selling (Stupidly) at these levels and pushing the price down on the book. 75% of todays volume is off book (which wont affect the SP) and most of those are buys at these levels (taking advantage of said stupidity)

>This company is one of several with impending claims on negative oil prices owing to its algorithms being unable to cope with negative commodity prices … from mid 2020.

Haahahahah shorter, Im buying more and will continue to do so. Good luck

Let the order book settle (just dropped back into auction) , as you say this is a log term hold so maybe a opportunity to pick a few more up cheap

>No idea how the market could expect a beat on what was guided with a decline in SP. This should result in a rise. But who knows!

I think the problem CMC has got is it's performance has been so incredible in the past. e.g. look at the estimated revenue for 2021 it was £403.3m and itcame in at £461.31m!!

very very quite in auction currently @ 300 -0.83%

Numbers are better than expected so its a tough call. Median broker target is 370 calculated based on lower estimates so we might see a slight increase in target price
I was expecting a final divi of 6.5 so 8.88 is quite a bit better and I do like * NEW BUSINESS EXPANSION IS EXPECTED TO GROW NET OPERATING INCOME BY 30% OVER NEXT THREE YEARS

Pre market auction about to start so we will see

This monday's times 6/8/22

You must remember the context and that is set against last years results. I expect this years to be ahead of expectations but they will definitely be well short of last years numbers (which is why the SP has already pulled back from the 450-500+ range)

Analysts view:-

Dividends
In 2021, CMC Markets PLC reported a dividend of 0.31 GBP, which represents a 103.79% increase over last year. The 6 analysts covering the company expect dividends of 0.11 GBP for the upcoming fiscal year, a decrease of 63.43%.

Revenue 2021 £472m 2022 £272m - estimated
Net Profit 2021 £178m 2022 £63.7m - estimated

Trek results tomorrow from the Times
THURSDAY
CMC Markets is expected to announce a sharp fall in full-year profit after a boom in financial betting during the depths of the pandemic faded.

The spread-betting and contracts-for-difference provider enjoyed a surge in pre-tax profits a year ago, when they jumped to £224 million as punters who were bored during lockdowns piled into volatile markets in an attempt to profit from wild swings in asset prices during the coronavirus outbreak.

City analysts expect profits to have fallen back to £83 million in the 12 months to the end of March, however, after trading activity normalised after the easing of lockdown restrictions. CMC is reviewing whether to split its stockbroking division from its bigger CFD and spread-bet business, but the findings of this work are not expected this week.

Thanks Beth

I have similar rough forecasts

LIBERUM: PayPoint* - Transformation is yielding results

Anyone got the note??

Has anyone calculated when the buybacks will finish at the current rate (roughly?)

Very strong results and I expect a more appropriate reaction, hopefully the market is just lagging again

imho should be back into the 700 zone shortly

we have a bank of 8! market markers selling, once they have been shaken off this will fly

>Some of us had faith over £4 is the issue!

Hope you see that back mate. Im still a way off @243.2 but I think we'll both be ok in the long run

overrunning @ 138

140 live auction price

Yes its frustrating but IMHO this will turn up rapidly

Really..I wouldnt sell under 400 and even then I think this is a long term hold and can easily double from here given the new business ventures/ splits etc

I genuinely think the share dealing arm of this will be one to watch. its taking off in Aussie

Why are RBC selling! They should be buying lol